WebJan 29, 2024 · 287 Posts. #5 · Jan 29, 2024. Schedule C NAICS code: 485300- taxi/limo services. OR. 485990- ‘other’ transit and ground transportation services. It is important to use correct NAIC code as the IRS computers can identify typical expense ratios for a given industry to determine ‘Audit Risk’; i.e. taxi services inheritly have high ‘Car ... WebMar 9, 2024 · Here are codes to investigate when determining your classification: Ridesharing Services (such as Uber/Lyft) 485310 - Taxi and Limo Service Delivery Services (such as PostMates) 492110 - Couriers and Messengers Task-Based Services (such as TaskRabbit) 812990 - All other personal services Car Rental Services (such as RelayRides, …
2024 Rideshare and Delivery Driver Tax Deduction Guide
WebJun 4, 2024 · You, ass a driver, do not need an EIN. If they sent you a 1099-Misc, you will enter the EIN for them where appropriate. If they sent you a 1099K, you would not enter it in the 1099-Misc area. Follow these steps: • Click on Federal Taxes on the top row of TurboTax Self Employed Online. • Click Wages & Income • Under All Income, click Show all income WebJun 4, 2024 · Principal business code for uber and lyft Topics: TurboTax Self Employed Online; 0 1 2,127 Reply. 1 Best answer Accepted Solutions KarenL2. Level 5 June 4 ... Tax Help for Uber Drivers. View solution in original post. 0 2,079 Reply. 1 Reply KarenL2. Level 5 June 4, 2024 6:22 PM. Mark as New; Bookmark; Subscribe; birth charts 101
Solved: Principal business code for uber and lyft - Intuit
WebCode 221000 Utilities Construction Code 230000 Construction 236000 Construction of buildings Manufacturing Code 310000 Manufacturing 323100 Printing and related … WebFeb 15, 2024 · Deduct the actual expenses of operating the vehicle for business, including gas, oil, repairs, insurance, maintenance and depreciation or lease payments. Take the … WebCodes for Unrelated Business Activity (If engaged in more than one unrelated business activity, select up to two codes for the principal activities. List first the largest in terms of unrelated income, then the next largest.) AGRICULTURE, FORESTRY, HUNTING, AND FISHING Code 110000 Agricultural, forestry, hunting, and fishing 111000 Crop ... birth charts astrology